Among the limited releases, Truworths reported it got a reprieve courtesy of the UK, while Arcelor Mittal SA warned of a loss. Fashion retailer Truworths reported sales grew 8.2% to R12.2 billion in its half-year to end-December, lifted entirely by its UK Office business. Retail sales were impacted by poor economic conditions and high-interest rates, the group said, also citing a hit to its fashion lines from port congestion. Ruby and Emerald minder Gemfields said it had net cash of $11.1 million (R209 million) as of its half-year to end-December, before auction receivables of $38.9 million. Gemfields closed more than 3% higher, but has still fallen by about a fifth in the past twelve months.

Source: News 24 January 30, 2024 08:20 UTC